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Tax on US Shares.

all4one
all4one Posts: 36 Forumite
Part of the Furniture Combo Breaker
in Savings & investments
I have approx £20,000 invested in shares in a company in the USA, how much on top of my normal wage could i withdraw from this without being taxed per annum ?

Thanks in advance

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Shares are subject to capital gains not income tax. What profit have you made on your original investment?
  • brendon
    brendon Posts: 514 Forumite
    You will only have to pay CGT in the UK. You might need to fill out a W8-BEN form for your broker so they don't deduct tax from your earnings (I'm no expert on this).
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